Hivello is an Amsterdam-based DePIN aggregator focused on making DePINs more accessible. Its platform allows users to contribute computing resources and earn through various Web3 protocols. The company aims to remove technical complexity from decentralized networks so non-technical users can participate in Web3 projects. Hivello plans to use recent funding to further innovate and simplify DePIN nodes and make them more user-friendly. The report describes the transaction as a strategic investment but does not disclose financial terms. Hivello is a Toronto-based blockchain payment solution provider dedicated to transforming accessibility of decentralized services globally. It operates in the Decentralized Physical Infrastructure Networks (DePIN) sector and aims to democratize access to decentralized infrastructure. The company provides a blockchain payment solution to facilitate access to decentralized services. Recently Hivello raised an additional USD $1.5M, bringing the total amount raised during the last month to USD $2.5M. The company intends to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services. Hivello is led by Chairman Domenic Carosa, and investors include Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, Candaq, NGC, Blockchain Founders Fund, and IDG. Hivello advances decentralized physical infrastructure networks (DePIN) to transform accessibility of decentralized services globally. The company is led by Domenic Carosa and Andrew Smith and is based in Amsterdam and London. Hivello plans to launch its technology this Christmas and expects to integrate up to 100 DePINs over the next 12 months. It raised USD $1M in a Pre-Seed funding round to support those efforts. The capital will be used to expand operations and development work. The company’s core product centers on leveraging DePIN to broaden availability of decentralized services worldwide.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2024